Overview
This remote role supports lease administration functions for medium to large, high-complexity accounts, often within a global account management framework. The position emphasizes global rent presentment and/or rent payment activities.
Responsibilities
- Serve as the main point of contact for clients and internal stakeholders regarding global lease administration matters.
- Understand client business objectives, real estate portfolio strategy, and service expectations.
- Maintain thorough understanding of client agreements for assigned accounts, including scope of work boundaries, fee structure, billing frequency, and payee information; ensure contract details are correctly entered and maintained in WorkTrac.
- Conduct regular meetings and reviews with clients to present portfolio updates, key metrics, and performance reports.
- Develop and maintain client governance programs (e.g., reporting cadence, communication methods, business reviews).
- Track and communicate expirations, option exercise dates, and other critical information.
- Work toward achieving a net promoter score representative of strong service delivery and client relationships.
- Manage client escalations and ensure timely issue resolution.
- Identify account-related risks, formulate mitigation strategies, and project manage solutions.
- Ensure the global team delivers services in accordance with client-specific processes and contract terms.
- Participate in presentations for new and existing clients for new business pitches.
- Manage assignments and delegation of database management tasks to global team members.
- Establish weekly calls and internal communication cadence with the global lease administration team to review work, discuss outstanding issues, and determine next actions.
- Prepare and lead with impactful communication and professional presence.
- Foster effective communication and engage team members to promote collaboration.
- Maintain and/or oversee abstraction or input of rental obligations and other important lease information per client abstraction standards for assigned accounts.
- Provide final QC for the abstraction process as required for assigned accounts.
- Demonstrate working knowledge of platforms and tools including Colliers360, dashboards, and WorkTrac.
- Confirm and approve monthly client billing, including ensuring pass-through expenses are billed in accordance with contract terms and internal process.
- Manage vendor relationships: review and validate invoices against lease terms, identify discrepancies, and partner with vendors to resolve variances.
- Review recovery clauses; set up recovery pools; calculate actual recovery expenses for each tenant; and review caps, base years, and non-standard exclusions.
- Prepare and review lease-related financial statements, disclosures, reports, and monthly rental payment schedules and reconciliations as required.
- Produce variance reports comparing budgeted versus actual rent obligations.
- Experience overseeing 3rd party utility management payments.
- Track and collaborate on TI allowance disbursements and landlord obligation fulfillment.
- Maintain lease accounting records in accordance with US GAAP (ASC 842) and IFRS 16 within lease management platforms.
- Ensure compliance with lease accounting standards and company policies.
- Track accounts receivable for assigned clients and escalate as needed.
- Reconcile accounts with outstanding balances and work with landlords and clients to resolve disputes (e.g., landlord ledger reconciliations).
- Assist with internal and external audits.
- Monitor, review, and approve rent, CAM, operating expense, tax, and insurance payments to landlords, including reviewing leases to ensure accuracy of charges.
- Review and validate Consumer Price Index (CPI) adjustments provided in legal documents.
- Maintain file systems and database data integrity for tenant and lease tracking.
- Maintain a record of exceptions and resolve them within the database.
- Assist the transition manager with new account onboarding and transition processes for assigned accounts.
- Maintain account process, procedures, and playbooks in collaboration with the Director to ensure consistency and compliance with departmental requirements.
- Demonstrate a general understanding of AI technology and openness to adapting to evolving technology.
Requirements
- 5+ years of relevant experience in commercial real estate lease administration and/or accounting and property management, working in either or both the landlord or tenant sector.
- Associate or bachelor’s degree in business, accounting, real estate, or similar field preferred.
- Working experience with commercial real estate database applications such as Visual Lease, APEX, ProLease, CoStar, WorkTrac, Lucernex, Planon, Manhattan, or other portfolio management database systems.
- Expertise and documented success working on multi-line global accounts with 1,000+ leases and a global account management structure.
- Intermediate proficiency with Microsoft Office tools (Word, PowerPoint, Excel, OneNote, etc.).
- Thorough knowledge of FASB/IFRS accounting rules and general accounting principles preferred.
- Must be effective working independently (preferably remotely) and have strong time management skills.
Preferred Qualifications
- Thorough knowledge of FASB/IFRS accounting rules and general accounting principles preferred.
Compensation & Benefits
- Approximate Compensation Range: $75,000 to $85,000
- Benefits include (for employees and eligible family members):
- Employer-subsidized medical options including RX, dental, and vision
- Employer-paid basic life/AD&D insurance
- Short-term and long-term disability
- 401(k) plan with employer match
- 10 days of sick leave and a minimum of 15-days vacation annually
- Certain senior-level roles may be eligible for unlimited time off
- 10 paid holidays plus two personal flex days per calendar year
- Paid parental leave: 12 weeks for birth parents and 4 weeks for non-birth parents (including adoptive/foster parents), available after successful completion of 90 days of employment
- Additional benefits may be available under applicable state law
Location
- Remote working arrangement out of various locations listed above.
Additional Information
- Applicants must be currently authorized to work in the United States on a full-time basis. The employer will not sponsor applicants for work visas.
- Direct applicants only; no agencies.
- This posting is for an existing vacancy within the organization.
- Applications will be accepted on an ongoing basis.
- In Massachusetts, it is unlawful for an employer to require or administer a lie detector test as a condition of employment or continued employment.
- Equal opportunity employer; reasonable accommodations are available for applicants who need them to complete a job application, pre-employment testing, a job interview, or to otherwise participate in the hiring process.